1. P&G Hits Back at Peltz, says Investor not Entitled to Board Seat

    P&G Hits Back at Peltz, says Investor not Entitled to Board Seat

    Procter & Gamble blasted Nelson Peltz's efforts to join the consumer goods conglomerate's board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company's operations. P&G's salvo comes weeks after Peltz's Trian Fund Management sought a board seat for the activist investor at the company, making P&G the largest company ever to face a proxy battle...

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    1. This ... appears to be compounding Trian's fundamental misunderstanding of P&G today and the operating environment the company faces.
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